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Updated 10 months ago,

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Considering a Refi and Sale of a Flip

Matthew Anderson
Posted

I picked up a house in Sep. for 577k with an ARV of 800-810k.
I took hard money, note of 522k.
Paid for the down and renovations out of my pocket ~57k+130k. 

Selling will make a little money, but it’s not a ton. The house is great, great location and we remodeled it a little nicer than we originally planned given the strength of the location. 

We’re considering refinancing instead and putting renters in for at least a year. 

I’ve talked to a couple mortgage folks and haven’t gotten any great options yet. 

Anyone doing 80-90% cash out on investment properties? Maybe even IO products?  
Thoughts / Suggestions?

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